B. Metzler seel. Sohn & Co. AG Has $213,000 Holdings in Hormel Foods Co. (NYSE:HRL)

B. Metzler seel. Sohn & Co. AG reduced its stake in shares of Hormel Foods Co. (NYSE:HRL - Free Report) by 90.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,789 shares of the company's stock after selling 61,881 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Hormel Foods were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Crews Bank & Trust bought a new position in Hormel Foods during the 4th quarter valued at about $25,000. Fairway Wealth LLC bought a new position in shares of Hormel Foods in the fourth quarter valued at approximately $44,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Hormel Foods by 86.9% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,484 shares of the company's stock worth $47,000 after acquiring an additional 690 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Hormel Foods by 91.8% during the 4th quarter. Lindbrook Capital LLC now owns 1,523 shares of the company's stock valued at $48,000 after purchasing an additional 729 shares in the last quarter. Finally, McIlrath & Eck LLC raised its position in Hormel Foods by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 1,981 shares of the company's stock valued at $63,000 after purchasing an additional 638 shares during the last quarter. 40.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Hormel Foods

In other news, Director Elsa A. Murano sold 4,500 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $30.40, for a total value of $136,800.00. Following the completion of the sale, the director now directly owns 95,488 shares of the company's stock, valued at $2,902,835.20. This represents a 4.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company's stock.

Hormel Foods Trading Down 1.1 %

NYSE:HRL traded down $0.31 on Thursday, hitting $29.40. 746,430 shares of the stock were exchanged, compared to its average volume of 2,551,839. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 2.73 and a beta of 0.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 2.32. Hormel Foods Co. has a 52 week low of $27.59 and a 52 week high of $36.86. The company's 50-day moving average price is $29.46 and its 200 day moving average price is $30.56.

Hormel Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 14th will be issued a $0.29 dividend. The ex-dividend date is Monday, April 14th. This represents a $1.16 dividend on an annualized basis and a yield of 3.95%. Hormel Foods's dividend payout ratio is presently 84.67%.

Analyst Ratings Changes

HRL has been the subject of a number of research analyst reports. Barclays raised Hormel Foods from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. Stephens reissued an "equal weight" rating and set a $31.00 price target on shares of Hormel Foods in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hormel Foods presently has an average rating of "Hold" and a consensus target price of $31.80.

Hormel Foods Company Profile

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.